top of page
Dec 2, 2021

Innovation in Managed Futures with Marat Molyboga at Efficient Capital Management

Dr. Marat Molyboga has been working on quantitative portfolio management and risk management of multi-CTA portfolios for two decades now. Marat enjoys collaborating with academics and industry thought leaders on research papers that help institutional investors make better investment decisions.



“I grew up in Ukraine and went to school in Moscow where I got my degree in Applied Mathematics. I joined Efficient as a research intern in August 2001. At first, I found myself confused about futures markets… it sounds crazy; when you sell a contract that you don't have, or you can buy a contract for a small fraction of its market value. It took me a couple of months to wrap my head around those pretty simple concepts. Then, during the first year I worked on manager selection and portfolio construction, I quickly discovered that most academic approaches just did not work. So, I had to innovate and develop my own techniques that did work, but it took a while.


Efficient was growing quickly and I joined its research team and over the years I got involved in risk management and earned my PhD in finance. I'm responsible for all aspects of quantitative portfolio management research and risk management.


I love talking about innovation because it's so important for us. For over 20 years, we have been specialized in building customizable manager solutions for institutional investors, and it requires a lot of innovation. So when we think about innovation, we think about managers, selection, portfolio construction, and even fees.”


Efficient Capital Management Logo

Marat Molyboga, Chief Risk Officer & Director of Research

630 - 657 - 6800


Efficient Capital was founded over 20 years ago for the express purpose of maximizing the unique benefits of managed futures for institutional investors. We are - and have always been - solely dedicated to managed futures.


Through a commitment to excellence, innovation, teamwork and rigorous research for two decades, Efficient has become a leading CTA multi-manager firm. In a world of generalists, Efficient continues to be a CTA specialist, focusing its people and skills on offering institutional investors access to CTA strategies that best fit their specific needs and mandate requirements.



Welcome to PrimeAlpha's interview series where we will share insights from industry practitioners discussing their journey and their discoveries.


Check us out on these platforms



Access PrimeAlpha
Alternatives Education, Research, Database of Managers and Investors

​Important Disclaimers
This article (the “Article”) is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any investment or any securities. This Article does not constitute investment advice and is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. Readers should make their own investigations and evaluations of the information contained herein. The information contained herein does not take into account the particular investment objectives or financial circumstances of any specific person or entity who may receive it. Each reader should consult its own attorney, business adviser and tax adviser as to legal, business, tax and related matters concerning the information contained herein.  Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. Certain information contained in this Article constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,”  “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Readers should not rely on these forward-looking statements.  Certain information reflects subjective determinations which may prove to be incorrect. There can be no assurance that the estimates or projections will be accurate or that historical trends will continue. In considering the prior performance information contained herein, readers should bear in mind past performance is not necessarily indicative of future results. All rights reserved. The material may not be reproduced or distributed, in whole or in part, without the prior written permission of PrimeAlpha LLC.

bottom of page